The holding company of the holding company owned by the Argentine soccer player Lionel Messi. Lionel Messi, including his investments in Ibiza and the controversial mansion in Sant Josep, will move to the Principality of Andorra for a tax advantage: it will pay less taxes there.
Thus, Limecu España 2010 SL moves its headquarters from Castelldefels to Andbank’s business center in Andorra, as published in the bulletin of the Mercantile Registry of Barcelona.
According to On Economia, Messi’s holding company has presented a “project of extra-European cross-border transformation with the transfer of its domicile” to the Principality of Andorra, something that must be approved by the company’s general meeting.
In any case, they clarify that this is a “legal operation” due to the existence of tax agreements between Spain and Andorra.
Investments in Ibiza
Within Limecu, there is the firm Rostower BuildingBuilding, a Publicly Traded Real Estate Investment Company (SOCIMI) which at the end of last year was listed on the European Portfolio Stock Exchange, reaching a valuation of 223.2 million euros.
Edificio Rostower, managed by the brother of the Argentine star, Rodrigo Martín Messi, controls a broad portfolio of luxury assets. These include six MiM hotels, including the emblematic MiM Ibiza in Figueretas, and properties in Barcelona, Castelldefels, Paris and London.
The MIM Ibiza boutique hotel, exclusively for adults, was acquired by the footballer in mid-2018. It has 52 rooms and is located a few meters from Figueretas beach, as well as being close to the most famous nightclubs on the island.
This portfolio has been key to the stock market take-off of the SOCIMI, designed to fiscally optimize Messi’s investments and attract new investors.
Among them properties, is the illegal mansion in Sant Josep, marked by urban irregularities and a demolition order issued by the Town Hall.marked by urban planning irregularities and a demolition order issued by the City Council.
It is a villa of 568 square meters, with a swimming pool of 92 square meters and a land area of almost 17,000 m². The star acquired it in February 2022 in exchange for about 11 million euros.
The property already presented regularization problems due to unauthorized works carried out by the previous owner. The garage was transformed into additional rooms that did not appear in the original plans, which prevented the issuance of the final building permit and the certificate of occupancy.
In addition, new works carried out by Messi, such as earthworks and the construction of terraces, were also done without the proper permit, which led to a decree of paralyzation issued by the City Council in May 2022.
Tax advantages
The move to Andorra has only one explanation: the tax advantages it offers. According to On Economia, this country keeps its direct taxes below 10 percent, compared to the 25 percent corporate tax rate in Spain and the 28 to 33 percent in France.
